Nutraceuticals Market to Hit $830,426.3 million By 2030

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The global nutraceuticals market size is expected to be worth around US$ 830,426.3 million by 2030, according to a new report by Vision Research Reports.

The global nutraceuticals market size was valued at US$ 420.66 billion in 2020 and is anticipated to grow at a CAGR of 10.9% during forecast period 2021 to 2030.

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Nutraceuticals Market (By Product: Dietary Supplements, Functional Food, Functional Beverages; By Dietary Supplements: Vitamins, Botanicals, Minerals, Proteins & Amino Acids, Fibers & Specialty Carbohydrates, Omega Fatty Acids, Others; By Functional Food : Carotenoids, Dietary Fibers, Fatty Acids, Minerals, Prebiotics & Probiotics, Vitamins, Others; By Functional Beverages: Energy Drinks, Sports Drinks, Functional Juices, Others, Infants) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Report Coverage

Report Scope Details
Market Size USD 830,426.3 million by 2030
Growth Rate CAGR of 10.9% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Dietary Supplements, Functional Food, Functional Beverages
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Cargill, Inc.; Archer Daniels Midland Company; DuPont; Nestle S.A.; Danone; Royal DSM N.V.; General Mills; Innophos; WR Grace; Amway Corp.; AOR Canada; Arkopharma Laboratories S.A.; Bactolac Pharmaceuticals, Inc.; E.I.D Parry Ltd.; Valensa International; Matsun Nutrition; Mead Johnson Nutrition Company; Natrol, Inc.; The Hain Celestial Group, Inc.; Herbalife Ltd.

Growth Factors

 Rising awareness regarding calorie reduction and weight loss in countries, including U.S., China, and India, is expected to promote the application of nutraceuticals, which, in turn, will have a substantial impact on the industry growth.

Growing trend among consumers to alter dietary habits is likely to boost the demand for nutraceuticals. The consumer belief that improper diet results in an increase in costs on pharmaceuticals are anticipated to boost the demand for nutraceuticals. This would also help the government as it would result in lesser expenditure on healthcare and low social security costs.

By Product Analysis

With respect to product segmentation, the industry is categorized into dietary supplements, functional beverages, and functional foods. The functional food segment held the overall market in 2020 with a revenue share of 48.13%, followed by dietary supplements and functional beverages.

Sport Drinks are gaining popularity among athletes and other individuals involved in energetic physical activities. The demand for sports drinks among millennials also drives the market. The prebiotics- and probiotics-based functional foods are anticipated to witness the highest growth forecast period.

By Regional Analysis

Asia Pacific held the global market in 2020 with a revenue share of more than 31% and is estimated to expand further at the largest CAGR of 11.7% from 2020 to 2030. Growing health concerns among consumers and increasing awareness about nutraceuticals are likely to be the major factors driving the Asia Pacific regional market.

the growing trend of food fortification with nutraceutical products is anticipated to create a huge opportunity for this market. Furthermore, the rapid growth of the retail sector in emerging markets including China, Indonesia, Malaysia, and India on account of regulatory support promoting investments is expected to increase the product accessibility, thereby enhancing the overall sales. 

Key Players

  • Cargill, Inc.
  • Archer Daniels Midland Company
  • DuPont
  • Nestle S.A.
  • Danone
  • Royal DSM N.V.
  • General Mills
  • Innophos
  • WR Grace
  • Amway Corp.
  • AOR Canada
  • Arkopharma Laboratories S.A.
  • Bactolac Pharmaceuticals, Inc.
  • E.I.D Parry Ltd.
  • Valensa International
  • Matsun Nutrition
  • Mead Johnson Nutrition Company
  • Natrol Inc.
  • The Hain Celestial Group, Inc.
  • Herbalife Ltd.

Market Segmentation

  • Product
    • Dietary Supplements
    • Functional Food
    • Functional Beverages
  • Dietary Supplements Product
    • Vitamins
    • Botanicals
    • Minerals
    • Proteins & Amino Acids
    • Fibers & Specialty Carbohydrates
    • Omega Fatty Acids
    • Others
  • Functional Food
    • Carotenoids
    • Dietary Fibers
    • Fatty Acids
    • Minerals
    • Prebiotics & Probiotics
    • Vitamins
    • Others
  • Functional Beverages
    • Energy Drinks
    • Sports Drinks
    • Functional Juices
    • Others
    • Infants
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
      • Russia
    • Asia Pacific
      • China
      • Japan
      • India
      • Australia & New Zealand
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • South Africa

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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